To overcome the contradiction between the requirement of knowing the optimal expected payoff of the subprocess after any state at any time and the inability to know in the actual decision process in the backward recursive method for solving Markov decision processes (MDP), this paper proposes a...

Using 231 pairs of matched firms from 2009 to 2012 in Chinese stock market, we find that the stock index adjustment significantly affects the analyst coverage, which in addition to the stock index leads to more analyst coverage, while deletion from the stock index has no significant effect,...